Trending Waves
Daily Wave and Trend Analysis of the US Stock Market
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Monday, August 30, 2010
Portfolio Update
Covered all shorts taken Friday (1060) exactly at the 38.2% retracement at 1055.50. I have no idea what wave this is but my guess is that we are going higher as this one looks corrective. I am expecting the market to challenge the 50 day MA.
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